The market is gradually stabilizing, and the current price of Bitcoin is fluctuating around 104,600, with slow movements. It has firmly stayed above 2500. After yesterday's fundamentals have passed, the heat has dissipated, and the price ratio has returned to a normal range. Last night, Old Lu did not make any major moves when he saw that the market did not have significant fluctuations. In the four-hour phase for Bitcoin, the price ratio has not effectively broken through the lower boundary of the range and has remained below the nearest support level. From the K-line pattern, after the ineffective rise in the price ratio, it has started to show signs of fatigue and pressure. In the one-hour structure, the K-lines are arranged at the upper boundary of the range, presenting a flat-top formation. The MACD energy value is neutral, with balanced bullish and bearish momentum. Overall, we can continue with the morning strategy: Bitcoin is bearish in the range of 105,000-105,300, targeting around 104,000. The altcoin is bearish around 2530, targeting around 2480.